Oberweis Dairy Inc. has filed for Chapter 11 bankruptcy and plans to lay off 127 workers at its North Aurora plant, citing business and financial challenges including declining milk consumption and increased demand for plant-based alternatives. The company, known for its ice cream stores and glass-bottled milk, aims to continue operating while seeking a buyer to preserve over 1,000 jobs. The fourth-generation family-owned company faced setbacks including underinvestment in manufacturing equipment and unsuccessful market expansions. The COVID-19 pandemic initially boosted its home delivery service, but expenses and inefficiencies led to financial struggles.
Oberweis Dairy, a century-old North Aurora dairy known for its ice cream stores and Republican political aspirations by its owner, has filed for Chapter 11 bankruptcy protection. The family-owned dairy owes more than $4 million to its 20 largest unsecured creditors, with Bartlett-based Italian food service company Greco & Sons listed as the largest unsecured creditor. Despite its regional expansion and presence in grocery stores, financial challenges have led to this filing. Jim Oberweis, the grandson of the dairy's founder, pursued a career in Republican politics, with several unsuccessful bids for political office.
Oberweis Dairy, a long-standing ice cream and dairy company, has filed for Chapter 11 bankruptcy protection in Illinois, listing over $4 million in debt to creditors, including the Cook County Treasurer and a food products wholesaler. The company is owned by family members of Republican State Senator Jim Oberweis, who has not commented on the filing.
Oberweis Dairy, based in North Aurora, Illinois, has filed for Chapter 11 bankruptcy protection, owing at least $4 million to its top 20 creditors, including over $173,000 to the Cook County Treasurer. The company, owned by relatives of Illinois Republican politician Jim Oberweis, aims to repay its debts through this process.
